Ethereum Approaches Break Point After Six-Year Pennant Compression

Ethereum is nearing a crucial turning point, as its six-year bullish pennant pattern appears poised for a final shakeout. Analysts highlight the growing volume and increased long positions in derivatives, suggesting an imminent breakout. This move comes after years of consolidation characterized by reduced retail activity and a strategic accumulation by larger holders. 2025 data shows Ethereum trading near $3,100 following strong gains over the past week. Analysts observe a bullish pennant structure that resembles historical patterns.